SUI network, a rising player in the blockchain world, has witnessed a 5.4% decline in SUI price today.

SUI network, a rising player in the blockchain world, has seen a 5.4% decrease in SUI price today. While this dip might worry short-term investors and traders, it follows a 54.5% gain in the past week. This showcases SUI’s strong underlying momentum in the marketplace.

As market participants actively monitor the SUI token's price as it navigates recent volatility, a question arises: Is this a brief pullback in an overall bullish trend or a broader correction? Here’s the detailed SUI price analysis for the last 24 hours to make a better trading decision.

SUI Peaked to $3.8647 – April 28, 2025

On April 28, 2025, the SUI trading day started with a brief price decline. At 01:50 UTC, an RSI oversold situation aligned with Golden Cross on moving crossovers signaled a possible trend reversal. As expected, support was found at $3.3932 and moved upward.

Later, at 04:25 UTC, an RSI Overbought situation occurred and led to a short-term fall. However, at 04:50 UTC, support was found at $3.5495 and experienced an uptrend. At 07:00 UTC, the price broke the resistance at $3.6467, breached a breakout, and reached $3.7146.

At 08:00 UTC, the SUI price entered an RSI Overbought zone, hinting at a potential downtrend. Likely, at $3.7146, the price resisted and led to a brief fall. However, at 08:35 UTC, support was found at $3.6730, began to move up, and reached the peak price of $3.8647.

At this point, a pin bar performed as a signal bar, followed by a key bar, a full-body red candle, signaled a resistance level. As expected, at 11:20 UTC, the price resisted at $3.8647 and experienced a steep decline. A Death Cross on MACD at 11:45 UTC confirmed this downfall.

Considerably, at 15:50 UTC, a Golden Cross on moving crossovers aligned with an RSI Oversold zone, indicating a trend reversal. Likely, at 18:30 UTC, SUI found support at $3.5208 and moved in an upward channel.

But at 19:55 UTC, a pin bar formed as a signal bar, followed by a full-body red candle, which hinted at a potential downtrend. As expected, the price movement resisted at $3.6368, experienced a sharp fall, led to a fake breakout at 23:00 UTC, bounced back, and closed at $3.5304.

SUI Dropped to $3.4705 – April 29, 2025

As illustrated in Chart 1, at the beginning of the trading day, April 29, 2025, SUI exhibited short-term upward movement. But at 01:05 UTC, a pin bar, followed by a full-body red candle, signaled a resistance at $3.5784 and experienced a brief fall.

However, at 02:25 UTC, support was found at $3.5224 and moved up. Conversely, at 03:50 UTC, a doji bar performed as a signal bar, followed by a key bar, a full-body red candle, signaled a resistance level. Likely, the price resisted at $3.5607 and experienced a sharp fall.

At 04:40 UTC, an RSI oversold situation was encountered, indicating an uptrend. Shortly after, support was found at $3.4705 and moved in an ascending channel. A Golden Cross on MACD at 05:15 UTC asserted this uptrend.

However, at 07:30 UTC, an RSI Overbought situation occurred and signaled a potential downtrend. At 08:20 UTC, the price resisted at $3.6254 and kept fluctuating within key levels.

Will SUI Price Movement Rebound?

In today’s SUI price analysis, the SUI coin is projected to undergo a notable price decline. If the price movement attempts to break the key resistance level, SUI could continue its bullish trend despite the short-term dip.

If SUI fails in its attempt, it could experience a further fall and lead to a correction zone. Let’s closely have an eye